Addressing climate change through a market mechanism: a comparative study of the pilot emission trading schemes in China

Yu, Ziyou; Jiang, Jingjing; Ye, Bin; Zhang, Yumeng; Yan, Jing

doi:10.1007/s10653-019-00258-x

Cited by 28 publications

(7 citation statements)

References 46 publications

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“…Among the variables, the capital stock, employment, and energy consumption factors all have significant positive effects. This study concludes that the ETS pilot policy can achieve the "Porter effect," which is basically consistent with [14,[40][41][42]. Dong et al argued that the policy cannot achieve the "Porter effect" in the short term because the economic effect is not significant [16], which is possibly due to starting the experiment in different years and the different calculation methods of the control variables.…”

Section: "Porter Effect" Of Ets Pilot Policysupporting

confidence: 69%

Sustainable Feasibility of Carbon Trading Policy on Heterogenetic Economic and Industrial Development

Zhang

et al. 2019

Sustainability

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A carbon emission trading system (ETS) is an effective market mechanism for promoting the reduction of global greenhouse gas emissions and achieving sustainable development between the economy and the environment. To analyze the emissions reduction effect and economic effect of China’s ETS and further discuss the mechanisms of economic development differences and industrial development differences on the final effect of the policy, this study adopts the propensity score matching-difference in differences method and triple difference method. The empirical results show the following: (1) The ETS can simultaneously achieve both the emissions reduction effect and economic effect when key control variables are included. (2) The population, carbon emissions intensity and per capita GDP have significant positive impacts on carbon emissions; the environmental pollution control intensity, research structure, and research intensity have negative impacts on carbon emissions; and the capita stock, employment, and energy consumption have significant positive economic effects. (3) The ETS has a stronger inhibitory effect on the provinces with higher levels of economic and service development compared to the provinces with lower levels of economic and service development. In contrast, the policy has a weaker inhibitory effect on provinces with higher levels of industrial and construction development compared with the lower level provinces.

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Section: "Porter Effect" Of Ets Pilot Policysupporting

confidence: 69%

Sustainable Feasibility of Carbon Trading Policy on Heterogenetic Economic and Industrial Development

Zhang

et al. 2019

Sustainability

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“…The researchers analyze their similarities and differences and compare them in regard to market design, operation, effectiveness, maturity, dispersion, and liquidity. Zhou et al believe the pilots have operated successfully after systematically reviewing the design and the operation in the short term [39]. However, some studies point out that the pilots' effectiveness and maturity are generally low [40,41].…”

Section: The Connection Between Carbon Marketsmentioning

confidence: 99%

The Information Spillover among the Carbon Market, Energy Market, and Stock Market: A Case Study of China’s Pilot Carbon Markets

2022

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The carbon emission trading market is an important policy tool to promote the realization of China’s carbon peaking and carbon neutrality goals. Research on the relationship between the carbon market and other related ones supports policy formulation and risk aversion. Firstly, we construct the Carbon–Energy–Stock system to compare the information spillover between the three subsystems under a unified framework. Secondly, we adopt the connectedness network to identify the role and status of the carbon, energy, and stock markets. Thirdly, through the rolling window approach, we explore the dynamic evolution of the information spillover. The results show that (1) the information spillover effect between China’s pilot carbon markets, the energy market, and the stock market is relatively low; (2) in the Carbon–Energy–Stock system, China’s pilot carbon markets behave as the information transmitters, and the Guangdong pilot and Beijing pilot are core pilots. The coal market is the top information recipient, while the new energy industry is the top information transmitter; (3) the system connectivity shows the characteristics of increasing first and then decreasing. For investors and policymakers, looking at each market from a systems point of view will present a more accurate understanding of them and their interconnections.

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“…Various instruments and mechanisms have been recommended e.g., climate technology, decarbonization, carbon capture technology, nature-based solutions, market-based mechanisms, etc. to be applied for relevant sectors along with enhancing cross-sectoral collaboration to achieve climate targets and the Sustainable Development Goals (Kuramochi et al, 2020;Zhou et al, 2020;Kim et al, 2023). For Thailand's 2 nd Updated Nationally Determined Contribution (NDC) 1 , the government commits to increasing the greenhouse gas (GHG) reduction target from 30% to 40% by 2030 compared to the business-as-usual scenario and will continue putting great efforts to meet the long-term goal of carbon neutrality by 2050 and net-zero GHG emission by 2065.…”

Section: Introductionmentioning

confidence: 99%

Quantifying blue carbon stocks in interconnected seagrass, coral reef, and sandy coastline ecosystems in the Western Gulf of Thailand

Yeemin,

Sutthacheep,

Pengsakun

et al. 2024

Front. Mar. Sci.

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Coastal and marine ecosystems play a major role in the global carbon cycle. Connected marine and coastal ecosystems are commonly observed in the Western Gulf of Thailand. Little is known about the blue carbon potential of these interconnected ecosystems and seascapes. This study aims to quantify blue carbon stocks in the interconnected seagrass-coral reef-sandy coastal ecosystems at Samui Island, the Western Gulf of Thailand. At each study site, the samples of seagrasses, algae, and sediments, were collected from the different zones along a transect of interconnected sandy beach-seagrass bed-coral reef habitats, and the organic carbon contents were quantified using elemental analysis and loss on ignition (LOI). Our findings indicate that the habitats may provide a potential blue carbon opportunity. With a total area of 178.04 hectares (ha), consisting of sand (47.70 ha), seagrass beds (122.44 ha), macroalgal beds (2.40 ha), and live corals (5.50 ha), the estimated carbon storage was as much as 9,222.75 MgC; 74.03% of which was stored in sediment, while the rest was as biomass (25.97%). About 96 percent of the total carbon storage was found in seagrass beds (122.44 ha) with a total amount of carbon storage of 8,876.99 MgC, consisting of 8,781.01 MgC and 95.98 MgC of shallow- and deep-seagrass beds, respectively. The carbon stocks in seagrass, algal biomass, and sediment ranged from 1.58 - 19.10 MgC.ha-1, 2.51 -10.45 MgC.ha-1, and 0.93 - 58.46 MgC.ha-1, respectively. Comparing the carbon storage at each study site, Ko Tan showed the highest value of carbon storage, accounting for 4,232.21 MgC, followed by Ao Phangka (2,901.83 MgC), Ao Thong Tanod (1,459.57 MgC) and Ko Mudsum (629.14 MgC). The quantities of carbon stocks varied considerably among microhabitats and the connectivity of these coastal and marine ecosystems may support the carbon stocks potential of the interconnected ecosystems. Ultimately, the findings from this study provide baseline data that supports Thailand’s nationally determined contribution and highlight the importance of interconnected coastal ecosystems in carbon sequestration and storage that should not be overlooked.

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Addressing climate change through a market mechanism: a comparative study of the pilot emission trading schemes in China

Cited by 28 publications

References 46 publications

Sustainable Feasibility of Carbon Trading Policy on Heterogenetic Economic and Industrial Development

Sustainable Feasibility of Carbon Trading Policy on Heterogenetic Economic and Industrial Development

The Information Spillover among the Carbon Market, Energy Market, and Stock Market: A Case Study of China’s Pilot Carbon Markets

Quantifying blue carbon stocks in interconnected seagrass, coral reef, and sandy coastline ecosystems in the Western Gulf of Thailand

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